- Target:
- Retailers
- Region:
- United States of America
Credit Card Fees:
I currently read online in a article that many small bsuiness are surcharging or not accepting credit card due to the Interchange rate (1-3%).
I being a manager or a Gasoline station/Foodmart know directly how much that does cost and how it directly affects our profits.
Here is a small example: $2.50 a gallon 20 gallon tank = $50 at a 2% interchange rate that is $1 dollar going directly to Credit Card Processing, now gas being $4.50 the same fill up is costing $1.80 but our profit normally .10 a gallon is still $2.00 so our profit drops form $1 to $.20 or a 80% decrease.
We, the undersigned, call on the United States of America to set a fixed fee for credit card processing.
You can further help this campaign by sponsoring it
The Fix Credit Card Interchange Rates petition to Retailers was written by Kamal Sivia and is in the category Business at GoPetition.